Navigating Infrastructure Shifts and Commodity Markets

In today's episode, Liz Ann Sonders speaks with Louis-Vincent Gave, CEO of Gavekal Research. Louis discusses the unique market dynamics of the past year, focusing on the concentration of U.S. equities, the divergence between growth and value stocks, and the implications of China's trade surplus. Liz Ann and Louis delve into the impact of DeepSeek on the tech landscape, the potential for market bubbles, and future trends in technology and infrastructure spending.

Kathy Jones and Liz Ann also discuss the recent Consumer Price Index (CPI) report and its implications for inflation and the equity market. They explore the impact of tariffs on prices, the labor market, and the overall U.S. economy. The discussion also touches on the potential effects of government employment cuts on the unemployment rate and economic indicators. Kathy and Liz Ann conclude with a look at key data releases and indicators to watch in the coming week.

You can read the two reports that Liz Ann and Louis discuss here: "Building Narratives Around Obvious Outliers" and "Another Sputnik Moment." 

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